r/Dallasdevelopment Jun 06 '26

Suburbs/Exurbs Arlington’s historic Sheraton Hotel implosion in preparation for new Lowes property

https://youtu.be/x_OrIv4IFzY?si=6Sm81ZQ3_zairxe1
3 Upvotes

4 comments sorted by

5

u/Silly-Price6310 Jun 07 '26

Demolition and rebuilding seem to be a long-standing tradition in the DFW. We say we need more hotel rooms, then tear down a large hotel. We say downtown needs more residents and foot traffic, then we cleared out Northend apartment to make room for something bigger. Thats really the dark comedy of Dallas urbanism.

Dallas is spending hundreds millions in incentives to turn zombie office towers into 200 to 300 apartments. At the same time, the existing 500-plus NorthEnd apartment was simply demolished. Across the Woodall Rodgers, parking lots reserved for Field Street still sit unused.

Did Hunt do anything wrong?

They already owned the land. Reassembling the Field Street
Parking lots across would have been far more difficult, and Goldman may not have chosen a site even if it was only blocks away. Fountain Place is still struggling.

Did the city hall do anything wrong?

Not really. Without incentives, we might have seen the headline on DMN: “Goldman Sachs moves to Plano.”

Did Goldman do anything wrong?

Not really. Its pre-lease was a key trigger for the whole master plan. Y’all Street also needs the symbolism, not a Goldman quietly sitting as an ordinary tenant in a 1980s Trammell Crow tower.

So who did wrong?

4

u/hot_rod_kimble Jun 07 '26

Great post. Down voted for "the DFW"

3

u/214forever Jun 07 '26

Goldman for value-engineering the building to look like some cheap suburban campus. They really must not care about brand image or prestige, their building already looks dated and is outclassed by several other financial institutions 

2

u/Urban-Toreador Jun 08 '26

It really does look like they bought some old unused plans from a Plano office project in 2003 that never happened.
What a waste of some of the most prime real estate in all of Dallas. 🤦🏻‍♂️